Do You Have a Contingency Plan?

It’s true in life and in leadership: you should always have a contingency plan. I was again reminded of this when a hospital client recently entered a formal clinical affiliation agreement with a major hospital system. The agreement called for, in part, the major hospital system to provide the physician staffing for one of our client’s hospital-based clinical services. After our hospital client, in good faith, provided advanced notice to terminate their existing physician coverage, the major hospital system made it known they couldn’t fulfill this obligation as promised – leaving our hospital client to scramble for physician coverage.

When expectations, commitments, plans, promises or even contracts aren’t fulfilled by another party, what’s your contingency plan? Experience tells us – always consider a contingency plan beforehand – you might just need it. -Steve Reed